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What will be the outcome of the appeals filed by the ex-Vitol trader by December 31, 2024?
2
Resolution / Starting Odds
Appeal denied • 25%
Sentence reduced • 25%
Sentence overturned • 25%
Other outcome • 25%
Court records and official appeal documents
Story
Ex-Vitol Trader Guilty in Second Bribery Scheme, Faces 40 Years
Aug 21, 2024, 08:21 PM
An ex-oil trader for Vitol Group has pleaded guilty to a second international bribery scheme. The trader will forfeit more than $7.1 million in funds involved in laundering bribes to Mexican and Ecuadorian officials. The defendants have been ordered to pay over $200 million in forfeiture and criminal penalties. The trader faces a potential prison sentence of up to 40 years. United States Attorney Peace commented on the case, highlighting the defendant's role in widespread corruption within the international commodities market.
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